IIFT Daily Note with Peter Brown

Ukraine the only big story.

Posted by:  |  Time: 7:24 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

Friday night saw a big sell off from the rally. This was down to nervousness about the outcome in the Ukraine over the weekend. The situation there is still fluent and nobody knows Russia’s true agenda. This story will dominate again this week. Elsewhere we have PMI’S out in the Eurozone this morning so that should set the early mood. Otherwise the market should be stable and we may settle down a bit from the big moves of the past few weeks. Obviously increased tensions in Ukraine or a move on mainland Ukraine will upset the market.

Today should be Calm to Choppy.

Levels are S&P (JUN) 1867  1855  Wall St (DFB) 16360  16280 Dax (DFB) 9380  9270 Euro 1.3845  1.3750 Gold 1318/08  support

Comments are closed.